Did you know the max FHA loan amount for the Dallas / Fort Worth area is now $362,250?
That’s the highest limit in the state of Texas! …even higher than the Austin area at $361,100.
The advantages of FHA are…
1) More flexible credit guidelines. (You can get a loan with credit scores in the 500’s)
2) Much higher allowable debt to income ratio than Conventional loans.
3) Only 3.5% down.
BTW… We have been closing our purchase loans in under 30 days, so if you are looking to buy a house let me help you!
Have a good day today!
…and thanks for reading.